Regulation 5 Amendment of Regulation (EC) No 1060/2009I1
United Kingdom
Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agenciesf1 is amended as follows.
Omit Article 32 (professional secrecy).
In Article 34 (agreement on exchange of information), for “guarantees of professional secrecy which are at least equivalent to those set out in Article 32” substitute “conditions for the protection of confidential information that are, at least, equivalent to those under the Financial Services and Markets Act 2000f2”.
Annotations
Commencement
- I1
Reg. 5 in force at 15.11.2022, see reg. 1(2)
Footnotes
- f1
EUR 1060/2009, amended by S.I. 2019/266.
- f2
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (1.11.2024 for the revocation of reg. 6) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 5 (with s. 1(4)); S.I. 2024/891, reg. 2(e)(i)